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Shanghai: Stocks close down 3.23% on economy fears

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Shanghai stocks dropped 3.23 per cent by the close on Thursday, as worries persisted over the slowing domestic economy and its impact on global growth.

[SHANGHAI] Shanghai stocks dropped 3.23 per cent by the close on Thursday, as worries persisted over the slowing domestic economy and its impact on global growth.

The benchmark Shanghai Composite Index tumbled 96.21 points to 2,880.48 on turnover of 203.6 billion yuan (S$44.6 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 4.01 per cent, or 75.32 points, to 1,800.99 on turnover of 332.6 billion yuan.

AFP

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